Flathead County Land Market Update - July 2018
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Local <strong>Market</strong> <strong>Update</strong> | <strong>July</strong> <strong>2018</strong><br />
<strong>Flathead</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-9% +11% +1%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>July</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 176 160 -9% 1,030 961 -7%<br />
Closed Sales 70 78 +11% 354 429 +21%<br />
Median Sales Price $107K $100K -7% $89K $100K +12%<br />
Average Sales Price $137K $139K +1% $140K $160K +14%<br />
Avg. % of Original List Price Received 94% 90% -4% 93% 93% 0%<br />
Average Days on <strong>Market</strong> Until Sale 402 428 +6% 365 452 +24%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
250<br />
100<br />
200<br />
80<br />
150<br />
60<br />
100<br />
40<br />
50<br />
20<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$200,000<br />
600<br />
$150,000<br />
500<br />
400<br />
$100,000<br />
300<br />
$50,000<br />
200<br />
100<br />
$0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/<strong>2018</strong>.